Many parents are stuck on what they should do when it comes to helping out their children with the purchase of their first homes. A major factor in making a first time home purchase is the down payment. This is often a dilemma for the younger generation since they have not had sufficient time to build up enough funds and they often approach their parents for help.
In order to make the right decision about whether or not to help your child out consider the following:
1. Helping your child can be a great and very positive thing to do but it may put a damper on the relationship between the two of you if the money is given with a lot of strings attached.
2. Never give out more than you can afford. Consider your own retirement goals and be certain
…